Analysis Report: Ajanta Pharma Ltd. (Sell; Estimated Price: ₹1020.428)

Ajanta Pharma Limited

Introduction :

This is a mid-sized Indian pharmaceutical company which is engaged in serving the domestic and international market from development to the marketing of the finished dosage. Its main focus is on the manufacturing of the Niche formulations. The company also focuses on the branded generics as a result of which, its brands enjoy leadership position in India as well as in the pharmerging markets. The company has its steps in various segments.

Shareholding Pattern

Category of Shareholder	No. of Share-holders	Total NO. of Shares	Number of shares	As a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
1) Indian
Individuals / Hindu Undivided Family	21	22,615,000	-	-
Bodies Corporate	2	3,356,905	1,445,500	43.06
Sub Total	23	25,971,905	1,445,500	5.57
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	23	25,971,905	1,445,500	5.57
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	9	431,818	-	-
Financial Institutions / Banks	2	12,655	-	-
Foreign Institutional Investors	42	2,618,627	-	-
Sub Total	53	3,063,100	-	-
(2) Non-Institutions
Bodies Corporate	425	742,812	-	-
Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh	12,451	3,407,808	-	-
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh	22	1,772,272	-	-
Any Others (Specify)	486	219,503	-	-
Clearing Members	139	59,807	-	-
Market Maker	6	1,334	-	-
Hindu Undivided Families	24	13,867	-	-
Non Resident Indians	315	138,484	-	-
Trusts	1	1,500	-	-
Foreign Port Folio Investor Corporate	1	4,511	-	-
Sub Total	13,384	6,142,395	-	-
Total Public shareholding (B)	13,437	9,205,495	-	-
Total (A)+(B)	13,460	35,177,400	1,445,500	4.11
(C) Shares held by Custodians and against which Depository Receipts have been issued-m	-	-	-	-

Analyst Report : IndusInd Bank Limited (Sell, Estimated Price :Rs. 310/- )

Introduction

IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. Indusind Bank is the first among the new-generation private banks in India.

The bank started its operations with a capital amount of Rs. 1 billion among which Rs. 600 million was donated by the Indian Residents and Rs. 400 million was raised by the Non-Resident Indians. The bank has specialized in retail banking services and continuously upgrades its support systems by introducing newer technologies. It is also working on expanding its network of branches all across the country along with meeting the global benchmark. According to the bank, its name is derived from the rich and vivid Indus Valley Civilization.

IndusInd Bank has 638 branches, and 1238 ATMs spread across 392 geographic locations of the country as on 30 September 2013. It also has a representative office in London and another in Dubai. Mumbai has the maximum number of bank branches followed by New Delhi and Chennai. The bank has also proposed to double the branches count to 1200 by March 2017.

 Shareholding Pattern

	Category	No. of shares held	% of shareholding
A	Promoters’ holding	7,98,99,984	15.21
B	Non-Promoters’ holding
	(i) Institutional Investors
	a. Mutual Funds and UTI	2,54,17,071	4.84
	b. Banks, Financial Institutions, Insurance Companies (Central	1,37,94,817	2.62
	/ State Gov. Institutions / Non-government Institutions)
	c. FIIs	22,74,17,505	43.28
	Sub Total	26,66,29,393	50.74
	(ii) Global Depository Receipts	6,46,82,364	12.31
	(iii) Others
	a. Private Corporate Bodies	6,95,03,868	13.23
	b. Indian Public	3,73,39,566	7.11
	c. NRIs/OCBs	55,79,030	1.06
	d. Clearing Members	14,75,820	0.28
	e. Trusts	3,36,459	0.06
	Sub Total	11,42,34,743	21.74
	GRAND TOTAL	52,54,46,484	100